Question

Explain the growth definition of economics.
అర్థశాస్త్రం వృద్ధి నిర్వచనమును వివరింపుము.​

Answer 1

Answer:

Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation.